Steve Schaefer Brokered The Sale of a Single-Family Home at 428 Clinton Street in Carroll Gardens for $4 million.
428 Clinton Street
$4,000,000
$1,594/SF
Building Size
2,508 SF
Asset Type
Single Family
Closing
Jun 18, 2024
AI
The property asset involved in this transaction is a single-family home located at 428 Clinton Street in the Carroll Gardens market. The sale price was $4,000,000, and the property encompasses 2,508 square feet, resulting in a price per square foot of $1,595.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $4,000,000
- Address: 428 Clinton Street
- Market: Carroll Gardens
- Square Footage: 2,508
- Price per Square Foot: $1,595
- Seller: Stephen Rutterford
- Broker: Steve Schaefer - Serhant
The deal involved broker representation by Steve Schaefer from the agency Serhant, who facilitated the sale on behalf of the seller, Stephen Rutterford. This transaction underscores the activity in the Carroll Gardens market for single-family residences.
Players
Brooklyn Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93